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VDA: Car production in Germany up by 1% y/y in November, export by 2%
December 6, 2024 | 11:24am CETflashread more
Carlos Tavares resigned as CEO of Stellantis (Abarth, Alfa Romeo, Chrysler, Citroën, Dodge, DS Automobiles, Fiat, Fiat Professional, Jeep, Lancia, Maserati, Opel, Peugeot, Ram, Vauxhall, Free2move, Leasys), successor to be appointed in H1 2025. His contract was due to expire at beginning of 2026. In recent weeks different views between reference shareholders, Board of Directors and CEO emerged which resulted to this decision, Henri de Castries said
December 6, 2024 | 11:15am CETflashread more
SDA: New car registrations in Czechia up by 6.3% in November (vans -23.2%; trucks +1.7%; buses +49.7%; motorcycles +16.9%; trailers+semitrailers -4.6%), individual fuel/power types successful differently (BEV 1,249 +63.3%, PHEV 521 +16.6%, LPG 512 +43.8%, petrol 13,951 +9.1%, diesel 4,408 -8.7%)
December 6, 2024 | 11:04am CETflashread more
Czech Post continues to electrify its fleet, renewing almost 2,000 vehicles in 2024. Company to receive 1,958 new vehicles (of which 250 baterry electric vehicles; 994 vans – 460 Opel, 130 Ford E-Transit 350 Base, 404 n/a; 964 cars – 652 Škoda Kamiq 1.0 TSI Fresh, 44 Škoda Karoq, 120 Škoda Enyaq 85 Clever, 148 n/a) for more than CZK 1 billion (EUR 40 million), and 2,600 used vehicles (Ford Transit 2008, Renault Kangoo Expres 2007, Škoda 2009-2010) to be retired from fleet. This change to bring average age of Czech Post fleet to under three years. Of these, 250 (BEVs) vehicles to be owned by Czech Post, rest to be operated under operational lease for 3 years or financial leasing for 6 years. Company also plans to purchase another 80 charging stations in addition to its 25, using subsidies
December 5, 2024 | 04:34pm CETflashread more
SMMT: New car registrations in UK down by 1.9% in November (vans up to 3.5 tonnes +10.5%; trucks up to 6 tonnes +93%)
December 5, 2024 | 04:22pm CETflashread more
J.D. Power, GlobalData confirmed 2024 global new light-vehicle sales outlook at 88 million units (+1.5%). There continues to be level of risk with vehicle demand in Q4, but increase in October eased some of concern, Schuster (GlobalData) said. Firms simultaneously cut 2025 forecast by 500,000 cars, vans from 91.1 million (+3.5%) to 90.6 million (+2.7%). Autos are poised for continued growth in 2025 as conditions improve in key markets, he added
December 4, 2024 | 05:48pm CETflashread more
PFA: New car registrations in France down by 12.7% in November (vans up to 5.1 tonnes -16.2%; trucks -0.9%)
December 4, 2024 | 05:27pm CETflashread more
Libor Láznička decided to leave Continental after more than 30 years in April 2025. Tomáš Belza, former director of passenger tyre production (PLT), appointed as new tire plant manager in Otrokovice, Czechia (Continental Barum, Continental výroba pneumatik, Continental HT Tyres; 5,200 employees) on November 1
December 2, 2024 | 10:44am CETflashread more
AutoWallis Group (SsangYong distributor in Czechia, BMW dealer in Hradec Králové, Prague and Pardubice, Czechia, representative of more than 20 brands in 16 countries of Central and Eastern Europe/CEE; revenues of HUF 366 billion/EUR 925 million and sales of 44,909 vehicles in 2023) to acquire Milan Král Holding dealer group with 200 employees in České Budějovice, Czechia (Milan Král a.s. – Mercedes-Benz car, van, truck dealer, market share of 6%; ACR Auto – BMW, BMW Motorrad dealer, market share of 7%; MNC Auto – Ford car, van dealer, Opel service; MK Kar-Lak – body shop, paint shop; MK Správní společnost; sales of 1,300 new, 700 used vehicles per year; revenues of HUF 50 billion/EUR 111 million/CZK 2.8 billion in 2023) from founders (Milan Král, Iveta Králová), expanding portfolio by two new brands (Mercedes, Ford). Transaction began to be assessed by Office for Protection of Competition (ÚOHS), it is largest acquisition in AutoWallis’s history
December 2, 2024 | 10:36am CETflashread more
Sales of new light vehicles in USA grew in November (J.D. Power/GlobalData: +11%; Cox Automotive: +6.6%; S&P Global Mobility: +6%)
December 2, 2024 | 10:28am CETflashread more
Emil Frey Group: František Neuman to become new director of used car sales in Czechia and Managing Director of EF Mobility (used car sales programs of distributed brands, Emil Frey Select, Autosphere.cz, 10 employees in Prague, wholesale sales of more than 1,400 used vehicles per year) on January 1, 2025, while remaining Head of Citroën in Czechia
November 29, 2024 | 01:59pm CETflashread more
Seznam Zprávy/Deloitte Czech Elite 2024: 100 most valuable Czech companies (under control of Czech owners) include ČEZ (estimated value: CZK 474 billion/EUR 18.8 billion, main owner: state), Pražská energetika/PRE (CZK 38 billion/EUR 1.5 billion, City of Prague), Eurowag/W.A.G. Payment Solutions (CZK 18 billion/EUR 712 million, Martin Vohánka), Čepro/EuroOil (CZK 14 billion/EUR 554 million, state), Brano (CZK 7.3 billion/EUR 289 million, Pavel Juříček), Škoda Group (CZK 5.8 billion/EUR 230 million, Renáta Kellnerová), Koh-i-noor (CZK 5 billion/EUR 198 million, Vlastislav Bříza), ICOM Transport (CZK 4.4 billion/EUR 174 million, Kateřina Kratochvílová), Auto Jarov (CZK 4.1 billion/EUR 162 million, Josef Fojtík)
November 29, 2024 | 01:42pm CETflashread more
SMMT: Car production in UK down by 15.3% y/y in October, commercial vehicle (buses, coaches, vans, trucks, taxis) manufacturing by 3.9%
November 29, 2024 | 01:31pm CETflashread more
Changes
CLFA: Many companies in Czech Rep not aware of accelerated depreciations’ option
February 5, 2010 | 12:24am CEToriginalAt present, it is a border period for a decision to purchase new vehicles since the waiting time is four months or more. Financial leasing has become more favourable than...
read moreToyota to give dealers up to USD 75,000 in USA in order to keep customers
February 4, 2010 | 11:14pm CEToriginalBy this step, the carmaker aims to thank dealers for the efforts made within the forced pedals repair, but also...
read moreDecision on exclusive Lotus dealer for Czech Rep postponing
February 3, 2010 | 11:01pm CEToriginalThe reason is an appointment of new CEO of Lotus Cars, who is re-evaluating the activities on the new dealerships...
read moreSkoda Auto to change boss, Reinhard Jung to be possibly replaced by head of Volkswagen in China Winfried Vahland
February 3, 2010 | 08:41pm CEToriginalVahland has already worked in the carmaker, namely as a CFO. Successor of Vahland in China and further destiny of Jung...
read moreSales of Volkswagen Group in Czech Rep fell by 2.6% in 2009, registrations by 12.9%
February 3, 2010 | 08:20pm CEToriginalThe reasons for this difference, sales and registration of individual brands and outlook of Import Volkswagen Group general manager Rudolf Javurek...
read moreFiat insists on car production termination in Sicily, workers has entered into strike today
February 3, 2010 | 07:28pm CEToriginalHowever, the carmaker considers a rebuilding of the factory for components production, and moving Panda model’s production from Poland to Italy or plant’s sale...
read moreHyundai has extended partnership with Business Lease for another two years
February 3, 2010 | 01:33am CEToriginalIt is a further strengthening of the fleet sales in Europe, following the recently concluded contract with ALD Automotive. Cooperation with Business Lease includes countries...
read morePeter Zemlicka left Toyota Motor Czech
February 3, 2010 | 01:06am CEToriginalHis departure implied many personnel changes in the Czech and Slovak representation of Lexus. Specific changes and Zemlicka’s new place of work...
read moreTick Tack: Audi A6 limousines from Auto Jarov on financial leasing from SkoFIN
February 3, 2010 | 12:37am CEToriginalThe franchise project of taxi service in Prague wants to move from tens to hundreds of cars, does not signs up drivers from the competitors...
read moreNew head of Allianz in Czech Rep will be current head of Ceska podnikatelska pojistovna Jakub Strnad
February 2, 2010 | 11:45pm CEToriginalStrnad will replace Miroslav Tacl, who left the office at the end of 2009 at Allianz. Successor of Strnad in CPP...
read moreSpyker Cars still looking for investor that would be involved in purchase of Saab
February 2, 2010 | 11:25pm CEToriginalSpyker intends to return Saab to profit in 2012. Sales of Saab fell by 65% last year. The searched investor should finance...
read moreVolkswagen appointed new head of commercial vehicle division
February 2, 2010 | 10:45pm CEToriginalStephan Schaller was replaced Wolfgang Schreiber, who already works in the division. The reason of Schaller´s leaving is...
read moreToyota Motor plan to double production of HEV to 1 million by 2011
February 2, 2010 | 10:31pm CEToriginalThe carmaker will launch 10 new models of HEV and expand the number of facilities, where the models will be assembled. The current share of HEV on the total production...
read moreToyota to launch corrections of accelerators in US this week, Europe and China to follow
February 2, 2010 | 02:25am CEToriginalThe mini cars of carmaker PSA from the joint venture TPCA will go to service, too. About 97,000 cars Peugeot 107 and Citroen C1 will be concerned, in the Czech Republic...
read moreSkoda Auto offered compensations of up to 27 wages for early retirement to employees
February 2, 2010 | 01:14am CEToriginalEmployees who have three or less years before retirement can use the offer. The compensation is in great demand, the offer has already been used by...
read moreCCS: Fuel’s temperate reduction trend continued in Czech Rep last week
February 1, 2010 | 11:39pm CEToriginalPetrol discounted by 16 hellers, diesel by 8 hellers. In Slovakia, excise duty reduction on diesel has occurred as of February 1...
read moreHonda to build its second factory in China
February 1, 2010 | 02:47am CEToriginalIt will be again a plant of the joint venture with Dongfeng Motor. The amount of investment, production capacity, start-up...
read moreLabour inspectorate began checking Hyundai’s Czech plant
January 31, 2010 | 09:52pm CEToriginalThe inspection includes working conditions and problematic overtime, among others. Time flow of the inspection...
read moreNissan to create 400 temporary jobs in UK due to strong demand for Qashqai
January 31, 2010 | 09:24pm CEToriginalProduction in Sunderland will therefore start a three-shift operation. Moreover, the government loan will help to modernize the Nissan plant for electric cars in Tennessee...
read moreFord Motor returned to profit last year at revenues decline by almost 20%
January 31, 2010 | 08:43pm CEToriginalThe carmaker is expecting profit also in 2010. This year’s total car sales in the USA should according to Ford increase by...
read moreToyota to call up to 1.8 million cars down for repair in Europe (incl. Czech Rep), in USA being investigated
January 31, 2010 | 04:22pm CEToriginalIn Europe, the measure concerns models Yaris, Corolla, Aygo, iQ, Auris, Verso, Avensis and RAV4 with an interval of production...
read moreUniCredit Leasing acquired next two brand financings in Czech Rep, one related to change of owner
January 29, 2010 | 02:32am CEToriginalThe company already has a total of 14 brands in its portfolio—11 passenger car brands and three commercial brands. UniCredit Leasing is negotiating on other brands...
read moreFiat to stop production in Italian plants for two weeks due to decline in orders
January 29, 2010 | 02:12am CEToriginalThe decision will affect 30,000 employees. Plants in Italy will be closed from...
read moreToyota to suspend sale and production of eight models in North America
January 29, 2010 | 01:33am CEToriginalModels with a possible defect in the gas pedal will be suspended. In early February, Toyota will suspend production of the recalled models in plants in...
read moreRobert Bosch fell into loss with drop in sales by 16% last year firstly since 1945
January 28, 2010 | 01:09am CEToriginalSales of automobile technology division fell by 15%. The company responds by increased activity in acquisitions for which it intends to spend...
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